I have been in this trade since 11pm on sunday - shortly after the markets opened (there was a gap in the market at opening because of the Tax reform announcements).
I now expecting a breakout to the upside during this week after a slow monday (as usual). I don't believe the USD tax reform will help the US currency at the current moment.
Expecting a breakout to...
BIAS IS SHORT ON THIS PAIR
MAJOR UNCERTAINTY AROUND THE DOLLAR - GEOPOLITICAL AND HURRICANE AND TRUMP/NK
GREAT FUNDAMENTALS FROM CAD LAST WEEK, SHOULD HELP PUSH PRICE ACTION DOWN FURTHER THAN LAST WEEK LOWS
TOP DOWN ANALYSIS ON THIS PAIR.
WAS WAITING FOR A BREAK THROUGH ON THE PINK LINK. THIS WAS ACHIEVED WITH SMALL RETRACEMENT. I BELIEVE THE CHART IS NOW SET UP FOR A SHORT AS STATED IN MY PREVIOUSLY POSTED IDEA.
LOOKING FOR TP @ 1.22080 HOWEVER PRICE COULD FALL TO PREVIOUS SUPPORT AREA OF 1.21270
Thanks to the Bullish 1hr candle, I see this pair going long. Price action has broken past 1.295 and i am incline to believe this will now turn to support and stated in the diagram.
American war uncertainty > Brexit
1.32000 TP - Nice psychology number which has seen a lot of price action recently.
Long position diagram shows when I have enter this trade and my...
AS STATED IN PREVIOUS POST (LINK TO RELATED IDEAS), I AM IN THIS TRADE CURRENTLY.
PRICE ACTION BACK ON THE SUPPORT SIDE OF - AUDUSD 0.78890 - WEAKER DOLLAR ALL AROUND
TP: 0.80050 (MAY CLOSE POSITION ON FRIDAY IF PRICE ACTION IS AT A GOOD LEVEL)
TECHNICALS B4 FUNDAMENTALS
TP: 1.19000 (NEXT MAJOR PSYCHOLOGICAL NUMBER)
ENTRY: 1.17868 (AS PRICE ACTION HAS BROKE RESISTANCE AND NOW TURNING TO SUPPORT @ 1.17817)
SL: 1.17306 (PRICE ACTION SHOULD NOT GO BELOW 1.17500, BUT GIVING IT A BUFFER ZONE)
LOOKING FOR A IMMINENT BREAK OUT TO THE UPSIDE AS PRICE AS BEEN IN THIS AREA FOR A WHILE NOW.
DOLLAR NOT HAVING A GREAT YEAR. HOWEVER WEAKER...
Price action at daily resistance. ALSOOOO, the RSI is Overbought @ over 80. (TECHNICALS ARE NOW ALIGNED)
Brexit woesss!! - Too much negativity so far from the negotiations UK government are producing to EUR
Sellers should enter the market by friday. Expecting some positive fundamentals for GBP this week and next week.
$$ Take profit at a psychological number...
This pair has been on my radar for a while and I have also been in this trade with 2 positions from where my predictions starts. It is a slow Monday ATM for this chart but i am expecting a breakout of this pair to the downside as price broke resistance but has now falling back into place. This price action has taking longer than expected but still in...
Dollar to give a fight back this week, so expecting retracement on all major USD pairs expecting GBPUSD as the GBP has some major fundamental news coming out this week. TP at 50% fibs. Pattern should be complete by the end of the day or mid day tomorrow
Price action push back down around the 0.88550 (Blue Line) which bring my bias for a possible short.
SL: 0.88920 as i don't believe price action will go near the daily resistance level of 0.88810
Both fundamental and technical analysis.